The Retirement Income Coach
Steve Selengut is the retirement income coach. He has a different approach to retirement income, so if you are nearing that age, listen up!


Summary of the Podcast
Retirement income coach

Steve, Kevin, and Graham discuss retirement planning and investment strategies.
Steve shares his approach of focusing on generating consistent income from a diversified portfolio of high-quality income-producing securities, rather than chasing market growth.
He explains the benefits of this approach, including being able to sleep well at night regardless of market fluctuations.

Closed-end funds as investment vehicles

Steve describes his use of closed-end funds as the core of his retirement income strategy.
He highlights their advantages, such as consistent dividend payments, diversification, and professional management.
Then he discusses how he vets and selects the funds to build a portfolio tailored to his clients’ needs.

Profit-taking and reinvestment

Steve emphasises the importance of regularly taking profits on investments that have appreciated.
This is rather than holding on in hopes of further gains.
He explains how this allows him to reinvest at lower prices and grow his income stream over time.
It’s a strategy that has provided a more stable and reliable source of retirement funds.

Challenges with traditional financial advice

Steve critiques the traditional investment advice model
That’s where financial advisors are incentivised to grow assets under management rather than focus on generating consistent income.
He contrasts this with his approach of prioritising income and profit-taking to better serve his clients’ retirement needs.

Retirement income coaching business

Steve discusses his transition from managing money for clients to now coaching and mentoring other financial professionals on his income-focused investment approach.
He explains how he helps them implement his strategies and provide similar services to their own clients.

Potential impact on homelessness

When asked about what change he would like to make in the world, Steve expresses a desire to see an end to homelessness.
If he could he would use his wealth and influence to address this issue if he had the means to do so.

Recap and next steps

The hosts, Graham and Kevin, summarise the key insights from the discussion and express their interest in learning more about Steve’s retirement income strategies.
Kevin wanted to get his book “Retirement Money Secrets.”

Clips from the Podcast
The Whole Thing
https://thenext100days.org/wp-content/uploads/2024/10/Steve-Selengut-The-Whole-Thing.mp4
Designed Portfolios

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